Setting a proper price is difficult in a nationalized industry because
a. costs will not be restricted by competitive pressures
b. the government will have difficulty purchasing resources
c. the government will have difficulty estimating demand for the product
d. there is a consumer bias against government-supplied products
e. government will not have access to relevant information
A
You might also like to view...
The Fed sells $300 million U.S. government securities to commercial banks. This action leads to ________ in Fed assets and ________ in Fed liabilities
A) a $300 million increase; a $300 million increase B) a $300 million increase; a $300 million decrease C) no change; no change D) a $300 million decrease; a $300 million decrease in E) a $300 million decrease; a $300 million increase
A firm’s total profit is the difference between its sales and what it pays out in costs.
Answer the following statement true (T) or false (F)
The introduction of computer-based technologies in the telephone industry caused
a. an increase in the supply of telephone services. b. an increase in the demand for telephone services. c. an increase in the price of telephone services. d. a decrease in the number of calls handled daily by telephone companies.
Foreign direct investment leads to demand for a country’s currency.
Answer the following statement true (T) or false (F)